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"China will work with all parties to uphold free trade and multilateral trade system and maintain a common interest of all countries in the world," he said.

"Clearly the Belt and Road Initiative increases connectivity. With digitalization, you are connected with the world regardless of your geographical location, so you can develop your economy and society," Portas said on the sidelines of the three-day Shanghai Forum 2019, an annual gathering hosted by Fudan University and the Korea Foundation for Advanced Studies.

"Compared with the policies allowing foreign banks to set up branches in China, in addition to wholly owned subsidiaries and joint-venture banks, or remove caps on foreign ownership in Chinese financial institutions, we pay higher attention to the policies that expand the business scope of foreign banks," he said.

"Commercial banks have a major responsibility to develop green finance to support the transformation and upgrading of China's economic structure," said Zeng Gang, director of banking research at the Chinese Academy of Social Sciences' Institute of Finance and Banking.

"China's smart speakers and voice interfaces are still in the initial stage and it will take cross-sector cooperation to make multiple terminal devices and application scenarios possible," said Fang Lyu, vice-president of LingLong.